Daily News: November 7, 2013

WSJ: AlixPartners Assisting J.C. Penney

The Wall Street Journal reported J.C. Penney is working with AlixPartners to identify cost savings and manage cash-flow as the struggling retailer pursues a new loan, according to people familiar with the matter.

The Wall Street Journal said AlixPartners is focused on cost-savings opportunities and aren’t pursuing a broad turnaround or restructuring plan for the company, sources said.

To read the entire WSJ article, click here.

Previously on abfjournal: J.C. Penney Reports ‘Solid Progress’ with Turnaround, October 10, 2013